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Blog Legacy Wealth Planning

Many Reasons to Be Thankful

November 8th, 2021 by Legacy Wealth Planning
November Newsletter

The past year and a half have tested all of us, but overall, the economy continues to strengthen, COVID-19 trends are greatly improving, and this still relatively young bull market is alive and well. As the leaves turn colors and begin to fall to the ground, there are many reasons to be thankful. The economy […]

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4 Year-End Tax Planning Tips for Small Business Owners

November 1st, 2021 by Legacy Wealth Planning
4 Year-End Planning Tips for small business owners

The past two years presented many small-business owners with unprecedented challenges. This year’s tax planning preparations include necessary measures for small-business owners to satisfy existing, new, and modified tax laws that may help small-business owners manage 2021 tax liabilities. Taking the time to learn about the 2020 pandemic tax changes may make a difference. Some […]

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Breast Cancer Awareness Month—Be Part of the Change

October 14th, 2021 by Legacy Wealth Planning
Breast Cancer Awareness

Over the last few decades, we have become extremely driven towards fighting and ending cancer for good since the National Cancer Act was put into place in 1971. This October is Breast Cancer Awareness month– in the United States, breast cancer has one of the highest cancer rates. Thanks to years of research, it is […]

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Choosing the Right 401(k) for Your Employees & Your Business

October 13th, 2021 by Legacy Wealth Planning
Choosing a 401k for Your Business

Implementing a 401(k) plan for your employees is good business. It means you’re thinking strategically, that you care for your employees, and are focused on the long-term health of your company. Implementing a retirement plan: Can help you attract and retain top talent.May make you eligible for tax credits.1Can allow you to deduct contributions to […]

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One Constant in Life is Change

October 8th, 2021 by Legacy Wealth Planning
October Stock Market Commentary

One constant in life is change. During the past year and a half, we have experienced more change than any of us bargained for. Change is disruptive—but also brings opportunities. For investors right now, there is no shortage of changes to think about, but those changes may set the stage for the next leg higher […]

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Inherited IRAs: What You Should Know

October 1st, 2021 by Legacy Wealth Planning
Inherited IRAs

The rules and consequences of IRA beneficiary arrangements are complex. The rules pertaining to Individual Retirement Account (IRA) beneficiaries can be complicated. Here is a quick look at the limitations the Internal Revenue Service (IRS) places on the beneficiaries of IRAs. The biggest difference in the rules pertaining to IRA beneficiaries revolves around two separate […]

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Matter of Tax

September 9th, 2021 by Legacy Wealth Planning
Matter of Tax and Trusts

Thoughts on establishing a trust and tips for avoiding inheritance squabbles. Reasons to Consider a Trust Should you set up a trust? Maybe you’ve been to a seminar where they scare the life out of you, convincing you to start one. Let’s demystify this murky but very important area. Trusts are legal arrangements that give […]

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Navigating the FAFSA in 2021

September 7th, 2021 by Legacy Wealth Planning
Navigating the FAFSA in 2021

Whether you’re applying for your own college aid or helping your teen get started on their college applications, you’ve probably heard of the Free Application for Federal Student Aid (FAFSA). This document holds an important place in the college aid process and may even impact the college or university you attend. Below, we discuss some […]

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The Bull Market Continues

September 2nd, 2021 by Legacy Wealth Planning
September Market Update Letter

The bull market continues, with the S&P 500 Index now up seven months in a row. Stocks have impressively gained 20% year-to-date, with the S&P 500 making 53 new all-time highs before the end of August—another new record. All of this has happened with very little volatility, as the S&P 500 hasn’t had so much […]

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Some Key Uses of Life Insurance

September 1st, 2021 by Legacy Wealth Planning
Key Uses of Life Insurance

Have you ever thought about the important role life insurance can play in helping you manage a variety of important financial objectives? Let’s look at some “slice of life” hypothetical examples and you’ll see how life insurance can have broad applications. Creating an “Instant Estate.” First, consider this scenario: A young married couple, Cheryl and […]

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